So I always urge people to start with the end in mind and take a more passive approach.Focus on being an Investor not a Landlord.Do the math here… with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income.

By my math, if my 6 friends used me as their agent, I would have earned an extra $85,000 this year. 

As with an RE transaction, do your math and know your limits.

Do your homework, analyze the deal very throughly and pull the trigger!

I also think there is room to increase the rents but I wanted to be conservative in my math. 

Be aware of Tenants rights and always check the math with local comps.Best of luck,John Patterson

do not pay more than the house is worth Do not agree to balloons Get the interest as low as possible not over 6-7% if they push see if you can get them to agree to a few more monthly payments instead ,sometimes folks don’t do the math Get your seller to hold the note as Long as possible and monthly payments low as possible pay no more than 10% down Preferably 5% Have the agreement structured in such a way that the buyer and seller  split the Closing fees and that you have the ability to buy the seller out anytime with no penalty Use a good RE lawyer to look the agreement over no kitchen table deals 

I can't seem to figure out how to search the biggerpockets forums. If someone else had already covered this question elsewhere I was unable to locate it.It had only been a few days since I began learning about real es...

There are plenty of top self individuals out there that are trustworthy it's just a matter of doing your homework, asking for referrals and  jumping on the phone and seeing who resonates with you.

Additionally, I know there's some hesitation with using a turnkey provider, however, the key is to do your homework to select a great company that checks all of the boxes and operates in the markets you want to be in.